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ChipMOS Q1 Profit Rises - Quick Facts

ChipMOS Technologies Inc. (IMOS) reported that its first-quarter net profit attributable to equity holders of the company for the first quarter of 2020 rose to NT$712.7 million or US$23.6 million, from NT$193.7 million or US$6.4 million in the first quarter of 2019.

Net earnings for the first quarter of 2020 were US$0.64 per ADS, compared to US$0.18 per ADS in the first quarter of 2019.

Revenue for the first quarter was NT$5.59 billion or US$184.7 million, an increase of 25.2% from NT$4.46 billion or US$147.5 million for the same period in 2019. The first quarter of 2020 revenue level represents a five year high for the company.

ChipMOS Technologies also reported that its revenue for the month of April 2020 was NT$1.85 billion or US$62.4 million, which is a new record high revenue level for the month of April. This represents an increase of 18.9% as compared to April 2019.

The company noted that it benefitted from stable memory demand, including DRAM and NOR flash. The improvements were partially offset by softness in DDIC and gold bumping due to macro weakness in TV and smart phone demand, combined with one less calendar day of operations in the month of April compared to March.

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